Taker Law and Legal Definition

Taker refers to a person who accepts an offer and receives something.

In Freedman v. Campbell (In re Estate of Kiser), 72 P.3d 425 (Colo. Ct. App. 2003), the court held that the term taker means a person who acquires, especially one who receives property by will, by power of appointment, or by intestate succession.

A person receiving an estate subject to a remainder is a first taker. A person appointed by a donor to receive property on donee’s failure is a taker in default.